Back in Black

Om Malik

Aug. 9, 2005 - 9:53 AM PST
Aug. 9, 2005 - 9:53 AM PST

On the day one of the former WorldConners, Buford “Buddy” Yates was sentenced to one year in prison, MCI reported that it is finally making money. Net income totaled $64 million, or 19 cents per share, even though revenue fell 10 percent to $4.68 billion, and also dropped 2 percent from the first quarter. MCI also paid $70 million in cash for Totality.